February 2021

CBN: Why We Banned Cryptocurrency In Nigeria

The Central Bank of Nigeria (CBN) has reacted to condemnations trailing the directive to Deposit Money Banks (DMBs) to desist fromtransacting in cryptocurrencies. In a statement on Sunday, Osita Nwanisobi, Acting Director, Corporate Communications, clarified that that the CBN circular of February 5, 2021 did not place any new restrictions on cryptocurrencies. He recalled that […]

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Man Jumps To His Death After EFCC Stormed 1004 Estate Lagos For Arrest

Man Jumps To His death After EFCC Stormed 1004 Estate Lagos For Arrest (Photos/Video) A yet to be identified man has reportedly died after he jumped from the 6th floor of the 1004 Estate in Lagos this morning, IgbereTV reports. According to reports, EFCC officials stormed the Estate this morning to arrest some suspected fraudsters.

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CBN New Policy On Cryptocurrency: What You Should Know

This afternoon, a Central Bank of Nigeria (CBN) circular sent to commercial banks and other financial institutions surfaced online. Here is a thread explaining what the circular means and why the CBN issued it.  Cryptocurrencies have gained popularity since bitcoin, the most valuable crypto, rose significantly four years ago. The coin went from $900 in

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